jknecht
Level 3

Hello Friends...

Just got a call from a son of a deceased taxpayer.  The taxpayer took a disbursement in 2020 under the COVID rules for 100K.  Taxpayer died in December.  So I have some questions...and I can't see anything out there in the IRS world..

(1) Has anyone come across tihs?
(2) Can the Family pay it back (+ 2022's) amount so that they don't have any tax at all on it.?
(3) Could the Family legally go back and payback 2020 as well?
(4) Do we file 2021 as a deceased taxpayer and hope it goes away 🙂 

Please share thoughts as how to handle best.

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